Tariffs

A tariff is a tax on goods coming in to a country. It makes foreign goods more expensive for consumers to buy. So consumers have a choice: Continue to buy the foreign goods and pay more; or purchase the same or similar goods from local suppliers. When the price for goods increases, it may be that the locally produced products may be cheaper to purchase now than the foreign goods are. The effect of increasing the price of foreign goods, is that demand for these will decrease, and demand for the same domestically produced goods will increase. This will stimulate the domestic economy. Domestic producers will produce more to meet the increased demand.

The loser is the foreign country that sells its goods to the country that has put tariffs on its products. The ludicrous situation that has affected the USA until now, is that other countries have had tariffs on USA products for years and some at high levels. Canada has had tariffs of more than 200% on dairy products made by the USA. Australia has impediments to USA beef. Every country wants prosperity for their products so they make foreign products expensive, so that their consumers will choose to purchase locally produced products. The USA has every right to do to other countries what other countries have been doing to the USA. Interestingly a lot of the tariffs recently put on other countries’ products by the USA, are half the amount currently imposed by those countries on the USA.

It is funny that so called “globalists” are howling about the USA tariffs, while being happy to impose their own tariffs on the USA. They are howling because their export incomes will fall. They are all hypocrites. They all want to increase their domestic production, but they don’t want the USA to do the same. Ridiculous.

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